South African bowler Vernon Philander, right, celebrates the dismissal of Sri Lanka's Dinesh Chandimal, left, during the second day of the first cricket Test match between South Africa and Sri Lanka on December 27, 2016 at the Port Elizabeth cricket ground in Port Elizabeth, South Africa. Gianluigi Guercia / AFP
South African bowler Vernon Philander, right, celebrates the dismissal of Sri Lanka's Dinesh Chandimal, left, during the second day of the first cricket Test match between South Africa and Sri Lanka oShow more

South Africa v Sri Lanka: Fast bowling dooms tourists on second day of first Test



Sri Lanka’s top-order batting wilted against South Africa’s fast bowling attack on the second day of the first Test at St George’s Park on Tuesday.

Sri Lanka were 104 for five at tea in reply to South Africa’s first innings total of 286.

The day started well for Sri Lanka when fast bowler Suranga Lakmal took his first five-wicket haul in Test cricket, finishing with five for 63, as South Africa lost their last four wickets for 19 runs.

Any sense of achievement the Sri Lankans might have felt was quickly swept away as South African opening bowlers Vernon Philander and Kyle Abbott ripped into their batting.

Both gained appreciable movement through the air and off the pitch.

The first three wickets fell for 22 runs before captain Angelo Mathews joined a patient Kaushal Silva to add 39 runs for the fourth wicket.

Silva was the only one of the top four in the Sri Lankan batting order to show a solid defensive technique in seam-friendly conditions.

But he made only 16 off 108 balls before he was leg before wicket to Philander, who produced a ball that cut back after a succession of deliveries that left the batsman.

Mathews, who needed treatment after a rising delivery from Philander struck his right forearm early in his innings, made 39 off 69 deliveries before pushing at a ball from Kagiso Rabada to be caught at third slip.

South Africa added only 19 runs in 8.5 overs on Tuesday as they were bowled out for the lowest first innings Test total at St George’s Park in nine years.

Lakmal, 29, finished with five for 63. His best in 31 previous Tests was four for 78 against Pakistan in Dubai in January 2014.

Philander was caught at deep square leg when he top-edged a pull against Nuwan Pradeep in the fifth over of the morning after South Africa had resumed at 267 for six.

Keshav Maharaj edged an away swinger to wicketkeeper Dinesh Chandimal to give Lakmal his fifth wicket and Abbott was run out after a mix-up with Quinton de Kock.

De Kock was last man out for 37, trying to keep the strike and playing across the line of a yorker from Pradeep.

Sri Lanka were soon in deep trouble in their reply.

Dimuth Karunaratne edged an attempted drive against Abbott into his stumps, Kusal Perera edged a wild slash against Philander to wicketkeeper De Kock and Kusal Mendis was caught behind off an Abbott away swinger.

* Agence France-Presse

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

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Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

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